Wednesday, January 11, 2023

SPX Update: Sea Pea Eye

SPX finally headed into the zone of the red "?", which is actually something of a hit, given that the projection chart I've been publishing for the past several weeks showed two options, both of which pointed higher off of the blue 1/A inflection.  The bull options simply keeps going, but even the bear option implied we'd run ~this high.

Tomorrow is CPI, which will likely be the catalyst for the market to finally reveal the answer to the weeks-old question that has plagued mankind ever since William Shakespeare first took up trading:  "To B or not to B."  Trade safe.

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